The Bank of Israel's Monetary Committee decided for the 11th consecutive time to keep the interest rate at 4.5%, which translates to a 6% prime rate. The bank continues to maintain a highly cautious interest rate policy and has avoided reduction for 14 months. The bank was a pioneer globally following the inflation wave when it reduced the interest rate by a quarter percent in January 2024, but has not changed it since.
For 11th consecutive time: Bank of Israel maintains 4.5% interest rate
Gad Lior|
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.